Pegasus plans $100 million add-on to 11¼% notes due 2010

By Paul A. Harris

St. Louis, Feb. 4 - Pegasus Communications Corp. announced Wednesday plans to offer a $100 million add-on to its 11¼% senior notes due Jan. 15, 2010.

The Rule 144/Regulations S notes are callable on Jan. 15, 2006 at 105.625, with the call declining to 102.813 one year later, and to par on Jan. 15, 2008 and thereafter.

Proceeds will be used to fund the tender for the company's outstanding debt securities maturing in 2005 through 2007. The tender commenced on Jan. 26.

Banc of America Securities is the dealer manager of the tender.

The communications company is based in Bala Cynwyd, Pa.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.